Fred Loya Insurance Reviews
If you’re looking for a good insurance company, Fred Loya may be worth considering. The company is Hispanic-owned and offers discounts for high-risk drivers. However, there are many complaints against the company. If you’re considering Fred Loya, it’s essential to read some Fred Loya Insurance reviews before you make a decision.
Fred Loya is a Hispanic-owned company.
Fred Loya is an insurance company that specializes in automobile insurance. The company is owned and operated by Hispanics and has been in business since 1974. The company employs more than 2600 employees, with nearly 700 insurance agents throughout the United States. The company claims to have spent $26 million on advertising in one year. The company also promotes its products through Spanish-language media, and its website features Spanish-language ads.
Fred Loya does not offer a car insurance quote online. However, their customer service representatives can help customers find the best price for their insurance coverage. The company also has insurance offices in select Walmart stores and grocery stores. This allows customers to compare quotes and policies easily.
Fred Loya has several different types of car insurance policies. The insurance covers everything from the damages to the vehicle to medical expenses and pain and suffering. You can even add optional coverages that cover more expensive damages. The company also offers bare-bones insurance plans, which keep premiums low. However, you may need to purchase add-ons such as physical damage coverage, which pays for damages caused by sand, hail, and floods. In addition, you may want to purchase rental reimbursement coverage, which reimburses you for the costs of a rental car while your car is in the shop.
Fred Loya is popular in Texas. The company began in an El Paso storefront and has since grown into the 18th largest Hispanic-owned and operated company in the U.S. It insures more than 600,000 drivers and handles hundreds of monthly claims. However, some policyholders have complained that the claims department is rude and does not respond to claims promptly.
It offers discounts for high-risk drivers.
Fred Loya Insurance has a reputation for being difficult to deal with. Still, they do offer insurance packages that can be affordable and will not penalize you for having a high-risk driving record. While the company has a reputation for offering high-risk drivers discount packages, they may not offer the best value for your money.
Fred Loya Insurance offers several different auto insurance policies. Their customer reviews are not the best, but they’re worth considering if you’re looking for a cheap auto insurance policy for high-risk drivers. They specialize in policies for high-risk drivers with poor credit and can help you fill out an SR-22 form and offer rental car coverage. They also have several convenient locations, including Walmart and grocery stores.
Fred Loya Insurance is one of the few companies offering high-risk drivers insurance. The company has over 700 locations across the country and offers car insurance over the phone. It does not offer an online quote option. You can pay your bill online or at a physical office.
When calculating your rates, Fred Loya Insurance considers your age, location, and driving history to determine what kind of insurance coverage you need. Teenagers tend to be more impulsive than older drivers, so their rates are higher. However, a good driving record can reduce the insurance price for teenagers. Taking a driver’s education class can also help lower your rates. And if you’re willing to sign up for a defensive driving course, it can help you get additional discounts.
It has a high number of customer complaints.
One of the biggest complaints against Fred Loya Insurance is that they don’t always pay claims on time. The company has a higher number of customer complaints than most insurers. The company also has unfriendly claims adjusters and unhelpful office staff. Often, customers are left hanging up in the middle of the call. Furthermore, the company often responds to complaints with a form letter.
According to consumerAffairs.com, Fred Loya Insurance receives about five times the number of customer complaints as a typical car insurance company. This high number is the result of several factors. Fred Loya has a low overall rating with the Better Business Bureau. The company has also been sued for bad faith insurance practices in New Mexico. This occurred because the company refused to pay the policyholder’s total damages after an uninsured motorist claim. Also, the California Department of Insurance has recorded over 40 customer complaints about Fred Loya.
As for the company’s customer service, many consumers have complained that the company’s representatives are rude and bloody-minded. This has resulted in 186 negative customer reviews, including 33 one-star reviews. Many complaints focus on unresponsive customer service and problems with filing claims. In addition, a class-action lawsuit against the company has also been filed in California and New Mexico.
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